Seaport Research upgraded Liberty Formula One (FWONK) to Buy from Neutral with a $96 price target The stock has become oversold on tariff and geopolitical-related consumer spending fears and on a near-term media rights renewal possibly losing one of its bidders, but most of the company’s revenue streams are contracted and therefore should operationally be insulated from recessionary effects, the analyst tells investors in a research note. Global demand for unique premium live experiences, continued sponsorship growth as marketers want to engage fans with their brands, and competition for Grand Prix races are also constructive to the firm’s bullish view, Seaport adds.
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